Kuwaiti Bourse ends 4-day losses

Kuwait-Mubasher: The price index of Kuwait Stock Exchange (KSE) went up 0.16% or 8.08 points to close at 5,139.13 points on Monday, breaking a four-day losing run.

The weighted index gained 0.36% or 1.27 points to approach 350.17 points. Also, KSX 15 rose by 0.56% or 4.64 points to 826.38 points.

The Kuwaiti market seemed volatile on Monday amid speculative transactions, as the benchmark index had support at 5124, 5109, and 5101 points respectively, and resistance at 5147, 5155, and 5170 points respectively, said technical analyst Bader Nasser Al-Otaibi.

The analyst had a rosy outlook for the delayed disclosures.

Today’s trading value increased by 21.4% to KWD 8.63 million, as trading volume decreased 8.2% to 93.49 million shares.

The industrial sector topped the gainers by adding 1.24%, while the insurance sector led the decliners with a decrease 0.88%.

Acico Industries was the top winner as it grew 7.41%, while Manazel headed the losers with a decline of 10.53%.

Al Dar National Real Estate was the most active as 13.25 million shares were exchanged.

KFH recorded the highest liquidity of about KWD 1.6 million. 

MUBASHER Contribution Time: 15-Feb-2016 10:23 (GMT)